SAND Stock Analysis: Sandvik | ST
Specialty Industrial Machinery | ST, Sweden | Market Cap: 449.697m SEK | 12M Return: 31.9% | SE0000667891 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 625M
EPS Trend: 27.6%
Qual. Beats: -2
Rev. Trend: -25.4%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Sandvik AB is a Sweden-based industrial engineering company operating globally across three core segments: mining and rock excavation, metal cutting, and materials technology. Its product portfolio spans heavy equipment such as drill rigs, underground loaders, trucks, crushers, and hydraulic breakers, alongside precision cutting tools, tooling systems, digital/software solutions, metal powders for additive manufacturing, and tungsten-based products including recycled raw materials. The company serves a diverse industrial customer base including aerospace, automotive, mining, general engineering, and infrastructure sectors.
Operating within the Industrials sector (sub-industry: Industrial Machinery & Supplies & Components), Sandvik follows a B2B business model, supplying capital equipment, consumables, and aftermarket services to industrial customers worldwide. Founded in 1862 and headquartered in Stockholm, the company is one of the long-established Swedish industrial groups, with a diversified revenue base that combines cyclical mining and infrastructure exposure with more stable demand from metal cutting and materials technology.
- Mining capex cycle lifts underground equipment and automation orders
- Metal cutting margins pressured by weak European industrial demand
- Tungsten and additive manufacturing powder demand scales with aerospace recovery
| Net Income: 16.9b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.16 > 1.0 |
| NWC/Revenue: 24.77% < 20% (prev 22.50%; Δ 2.27% < -1%) |
| CFO/TA 0.11 > 3% & CFO 21.2b > Net Income 16.9b |
| Net Debt (45.1b) to EBITDA (32.6b): 1.39 < 3 |
| Current Ratio: 1.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.26b) vs 12m ago -0.04% < -2% |
| Gross Margin: 40.34% > 18% (prev 40.72%; Δ -0.39% > 0.5%) |
| Asset Turnover: 71.66% > 50% (prev 70.01%; Δ 1.65% > 0%) |
| Interest Coverage Ratio: 13.23 > 6 (EBIT TTM 24.8b / Interest Expense TTM 1.87b) |
| A: 0.17 (Total Current Assets 82.0b - Total Current Liabilities 50.0b) / Total Assets 187b |
| B: 0.43 (Retained Earnings 80.3b / Total Assets 187b) |
| C: 0.14 (EBIT TTM 24.8b / Avg Total Assets 180b) |
| D: 1.16 (Book Value of Equity 100b / Total Liabilities 86.4b) |
| Altman-Z'' = 4.67 = AA |
| DSRI: 1.05 (Receivables 37.8b/33.8b, Revenue 129b/121b) |
| GMI: 1.01 (GM 40.72% / 40.34%) |
| AQI: 0.97 (AQ_t 0.41 / AQ_t-1 0.43) |
| SGI: 1.06 (Revenue 129b / 121b) |
| TATA: -0.02 (NI 16.9b - CFO 21.2b) / TA 187b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of October 09, 2026, the stock is trading at SEK 352.40 with a total of 1,986,980 shares traded. Over the past week, the price has changed by -1.70%, over one month by -12.43%, over three months by -6.92% and over the past year by +31.91%.
Current recommended Stop Loss: 338.80 (which is 3.9% or 1.3 ATR below the current price).
Sandvik has no consensus analysts rating.
P/E Trailing = 26.7139
P/E Forward = 20.5761
P/S = 3.4829
P/B = 4.7906
P/EG = 1.4023
Revenue TTM = 129b SEK
EBIT TTM = 24.8b SEK
EBITDA TTM = 32.6b SEK
Long Term Debt = 27.7b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 12.3b SEK (from shortTermDebt, last quarter)
Debt = 48.8b SEK (from shortLongTermDebtTotal, last quarter) + Leases 5.65b
Net Debt = 45.1b SEK (calculated: Debt 48.8b - CCE 3.62b)
Enterprise Value = 495b SEK (450b + Debt 48.8b - CCE 3.62b)
Interest Coverage Ratio = 13.23 (Ebit TTM 24.8b / Interest Expense TTM 1.87b)
EV/FCF = 28.24x (Enterprise Value 495b / FCF TTM 17.5b)
FCF Yield = 3.54% (FCF TTM 17.5b / Enterprise Value 495b)
FCF Margin = 13.57% (FCF TTM 17.5b / Revenue TTM 129b)
Net Margin = 13.05% (Net Income TTM 16.9b / Revenue TTM 129b)
Gross Margin = 40.34% ((Revenue TTM 129b - Cost of Revenue TTM 77.0b) / Revenue TTM)
Gross Margin QoQ = 40.91% (prev 40.22%)
Tobins Q-Ratio = 2.65 (Enterprise Value 495b / Total Assets 187b)
Interest Expense / Debt = 3.84% (Interest Expense 1.87b / Debt 48.8b)
Taxrate = 24.80% (5.56b / 22.4b)
NOPAT = 18.6b (EBIT 24.8b * (1 - 24.80%))
Current Ratio = 1.64 (Total Current Assets 82.0b / Total Current Liabilities 50.0b)
Debt / Equity = 0.49 (Debt 48.8b / totalStockholderEquity, last quarter 100b)
Debt / EBITDA = 1.39 (Net Debt 45.1b / EBITDA 32.6b)
Debt / FCF = 2.58 (Net Debt 45.1b / FCF TTM 17.5b)
Total Stockholder Equity = 96.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.35% (Net Income 16.9b / Total Assets 187b)
RoE = 17.52% (Net Income TTM 16.9b / Total Stockholder Equity 96.2b)
RoCE = 20.00% (EBIT 24.8b / Capital Employed (Equity 96.2b + L.T.Debt 27.7b))
RoIC = 12.80% (NOPAT 18.6b / Invested Capital 146b)
WACC = 8.73% (E(450b)/V(498b) * Re(9.36%) + D(48.8b)/V(498b) * Rd(3.84%) * (1-Tc(0.25)))
Discount Rate = 9.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.20 | Cagr: -0.04%
[DCF] Terminal Value 75.34% ; FCFF base≈16.9b ; Y1≈18.3b ; Y5≈22.6b
[DCF] Fair Price = 223.1 (EV 325b - Net Debt 45.1b = Equity 280b / Shares 1.25b; r=8.73% [WACC]; 5y FCF grow 9.56% → 2.50% )
EPS Correlation: 27.59 | EPS CAGR: 1.40% | SUE: -1.77 | # QB: -2
Revenue Correlation: -25.42 | Revenue CAGR: -0.58% | SUE: 1.04 | # QB: 1
EPS current Quarter (2026-09-30): EPS=4.58 | Chg30d=+0.13% | Revisions=-29% | Analysts=4
EPS current Year (2026-12-31): EPS=17.76 | Chg30d=+0.78% | Revisions=-29% | GrowthEPS=+45.9% | GrowthRev=+20.0%
EPS next Year (2027-12-31): EPS=20.15 | Chg30d=+1.83% | Revisions=+22% | GrowthEPS=+13.5% | GrowthRev=+14.1%
[Analyst] Revisions Ratio: -12% (up=6, down=8)